Abstract
Governments began to give fuller attention to remittances in the 1990’s when their sum total topped the level of Official Development Assistance (ODA) and Foreign Direct Investment (FDI) (Meissner 1993). A decade later remittances had become a new development ‘mantra’ in global policy frameworks. Following the Post G-8 summit of 2004 in Sea Island there was sudden worldwide activity to improve the infrastructure for remittances and ensure swift safe transfers. In 2007 the World Bank’s Committee on Payment and Settlement Systems (CPSS) brought out the General Principles for International Remittance Services which were later endorsed by the G-8, the G-20 and the Financial Stability Forum.
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© 2011 Springer-Verlag Berlin Heidelberg
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Sharma, A., Knio, K. (2011). Financial Globalization and the Mechanisms of Migrants’ Remittance: Formed by Supply or Demand?. In: Truong, TD., Gasper, D. (eds) Transnational Migration and Human Security. Hexagon Series on Human and Environmental Security and Peace, vol 6. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-12757-1_8
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DOI: https://doi.org/10.1007/978-3-642-12757-1_8
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